Essay
On January 1, 2021, Blue Hat Company issues a bond with a maturity on December 31, 2021. The market rate is 7%. Coupon rate is 6%. Interest is paid each June 30 and December 31. Assume at Dec 31, year end. Blue Hat Company's accounting staff properly prepared a bond amortization schedule below.
-Assume Blue Hat Company has a year end of March 31.Make the entry to accrue interest at Mar 31,2020
Correct Answer:
Verified
Correct Answer:
Verified
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